i


NOVEMBER 2020

TABLE OF CONTENTS


October

November

Month-on-
Month Change
(%)
Reserve Money2 (M0) (ZW$ millions)
15,522.13
18,424.353

18.7

Money Supply2 (M3) (ZW$ millions)
169,772.83
184,348.773

8.6

Annual Inflation1 (%)
471.25
401.66
-69.59a

Blended Annual Inflation1 (%)
249.63
215.00
-34.63a
Monthly Inflation1 (%)
4.37
3.15
-1.22a

Blended Monthly Inflation1 (%)
1.43
2.25
0.82a
National Payment System Transactions2
(ZW$ billions)
319.50
360.22
12.74
Nominal Lending Rate2
(% per annum)
6.00-65.00
6.00-65.00

Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
3. Provisional until audit is finalised
a- Percentage point.
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

International prices for platinum, nickel, copper
and Brent crude oil increased, while gold prices
registered a decline in November 2020. Market
dynamics continued to be influenced by
monetary, fiscal and real economy conditions in
the midst of the coronavirus pandemic.

Precious Metals
Gold
The price of gold eased by 1.9%, from a
monthly average price of US$1,904.43 per
ounce
recorded
in
October
2020,
to
US$1,866.50 per ounce in November 2020. The
bullion price recorded its third consecutive
decline, on average, as investors shifted to
riskier assets, on reduced uncertainty over the
US elections and optimism of an imminent
coronavirus vaccine roll-out. The elevated
optimism over a vaccine-induced economic
recovery, dampened the safe haven demand for
gold, despite signs of a rampant second wave of
infections in the US and Europe and a weaker
US dollar.
Platinum
The monthly average price of platinum
increased by 4.3% to US$914.05 per ounce in
November 2020, from US$876.41 per ounce
recorded in the preceding month. This followed
positive investment demand-side developments,
on the back of increased risk appetite. Gains
were, however, limited by the reduced safe
haven appeal of precious metals, on the back of
optimism on the imminent roll-out of the
coronavirus vaccine. The outlook for the metal
remained positive, occasioned by a global
supply deficit, on the back of a significant
decline in output from the world’s top producer,
South Africa.

Figure 1 shows developments in precious metal
prices for the period from November 2019 to
November 2020.

Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2020

Base Metals

Copper
Copper prices were firm during the month under
review, maintaining the positive recovery from
the lows reached in April 2020. Robust demand
from China has been driving prices of the red
metal. Prices were also boosted by improved
risk sentiment, as several pharmaceutical
companies
announced
highly
effective
coronavirus vaccines. Against this backdrop,
copper prices rose by 5.4%, from US$6,702.77
per tonne in the previous month, to US$7,063.43
per tonne in November 2020.

Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
US$/oz.
Gold
Platinum

Nickel
Nickel prices registered monthly gains, also on
the back of vaccine induced optimism and
improved risk appetite. In addition, the market
was buoyed by expectations that Indonesia, the
country with the world’s largest reserves of
nickel, would position itself to be a leading
producer of batteries for electric vehicles, for
which nickel is a key component. As a result, the
international price of nickel increased by 3.8%,
from a monthly average of US$15,219.36 per
tonne in October 2020, to US$15,796.05 per
tonne during the month under analysis.
Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2020

Brent Crude Oil
In November 2020, Brent crude oil gained 6.9%
month-on-month, from US$41.16 per barrel
recorded in the previous month. Oil prices were
boosted by investor optimism over the imminent
massive global roll-out of the coronavirus
vaccine, raising expectations of a possible
recovery in global demand. In addition, supply
remained steady, as the prevailing OPEC
agreement compliance was over 100 %, during
the month under review.
Figure 3 shows developments in Brent crude oil
prices for the period from November 2019 to
November 2020.
Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2020

MERCHANDISE TRADE
DEVELOPMENTS


Total merchandise trade for the month of
November 2020 amounted to US$1,038.6
million, reflecting an increase of 11.7% from
US$929.7 million recorded in the previous
month. The increase was on account of increases
in both exports and imports.

Merchandise Exports
The country’s merchandise exports registered a
sustained positive trajectory for the fifth
consecutive month, rising by 20.3% from
US$439.4 million in October 2020 to US$528.9
million in November 2020. Similarly, the

Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
US$/barrel

current month’s outturn was 11.3% higher than
in the corresponding month in 2019.
The increase in monthly exports was largely on
account of the cyclical nature of tobacco
exports, which reach their peak towards the end
of the year. Figure 4 shows developments in the
country’s merchandise exports for the period
from January 2019 to November 2020.
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2020

The country’s export earnings by commodity for
November 2020 are as shown in Table 1.


1 Nickel ores and concentrates, nickel matters and
unwrought platinum are components of the platinum
group of metals (PGMs).
Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity

Oct-20
Nov-20
Share
of
Total
(%)
Total Exports
439.4
528.9
100.0
Of Which:


Tobacco (Including
flue-cured,
stemmed
&
cigarettes)
57.2
259.4
49.1
Gold
86.5
76.5
14.5
Nickel
ores
and
concentrates1
82.9
54.9
10.4
Nickel mattes
103.2
44.4
8.4
Ferro-chromium
18.0
15.7
3.0
Industrial diamonds
16.2
12.9
2.4
Unwrought
Platinum
20.1
12.4
2.3
Ginned cotton
3.9
6.0
1.1
Maize seed
0.6
3.8
0.7
Chromium ores and
concentrates
5.0
3.3
0.6
Source: ZIMSTAT & RBZ Calculations, 2020
During the month under review, the country’s
exports were mainly destined for the SADC
region, with South Africa absorbing 61.3% of
total exports; Mozambique, 9.9%; Zambia,
0.8%; and Botswana, 0.6%. The United Arab
Emirates absorbed 17.1% of the country’s
exports. Figure 5 shows the country’s major
export markets in November 2020.


Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Imports
Merchandise imports maintained an upward
trend since July 2020, rising by 4.0% from
US$490.2 million in October to US$509.7
million in November 2020. On an annual basis,
imports for November 2020 were higher than in
the corresponding month in 2019. Figure 6
shows the country’s imports for 2019 and 2020,
respectively.


Figure 6: Merchandise Imports classified by
HS Codes 2019 & 2020 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2020
The surge in monthly imports during the month
of November 2020 was mainly on the back of
increases in imports of wheat (68.8%); maize
(54.4%); diesel (23.5%); and crude soya bean
oil (22.3%). Maize imports rose as the country
intensified efforts to reduce the food deficit,
resulting from a subdued harvest in the previous
cropping season. The higher fuel imports, partly
reflected firming international crude oil prices.
Table 2 shows imports of key commodities for
the months of October and November 2020.


South Africa
United Arab Emirates
Mozambique
Zambia
Botswana
Kenya
Tanzania
Namibia
Switzerland
Sudan


Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
Oct 20
US$ m
Nov 20
US$ m
Share
of
Total
Imports
(%)
Total Imports
490.2
509.7
100.0
Of Which:


Wheat
11.9
20.1
3.9
Maize
(Excluding Seed)
10.7
16.4
3.2
Diesel
11.5
14.3
2.8
Crude soya bean
oil
10.7
13.1
2.6
Electricity
12.0
12.2
2.4
Rice
6.5
10.6
2.1
Insecticides
2.8
9.2
1.8
Road tractors (for
semi-trailers)
6.0
6.9
1.4
Unleaded petrol
3.5
6.3
1.2
fertilizer
Chemicals
(Potassium
chloride
&
Ammonium
Nitrate)
4.0
10.9
2.1
Source: ZIMSTAT & RBZ Calculations, 2020
The country’s imports for the month of
November 2020 were mainly sourced from
South Africa (56.1%); China (9.3%); Singapore
(4.3%); and Mauritius (3.1%), as shown in
Figure 7.


Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Trade Balance
The country’s net external trade position
improved from a deficit of US$50.8 million in
October 2020, to a surplus of US$19.1 million
during the month under review. This was a
reversal of the negative out-turns for the prior
nine consecutive months.
Figure 8 shows the country’s trade balance for
the period from July 2019 to November 2020.


South Africa
China
Singapore
Mauritius
Zambia
India
Mozambique
United Kingdom
United Arab Emirates
Turkey

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020

MONETARY DEVELOPMENTS2

Broad money stood at ZW$184.35 billion in
November 2020, an increase of 8.59% from
ZW$169.77 billion recorded in October 2020.
The money stock (M3) consisted largely of
foreign currency deposits, ZW$102.19 billion
(or 55.43% of total), while local currency
transferrable deposits amounted to ZW$70.86
billion (38.44%); time deposits, ZW$9.00
billion (4.88%); negotiable certificates of
deposits,
ZW$1.24 billion
(0.67%);
and
currency in circulation, ZW$1.07 billion
(0.58%).


2All monetary numbers valued in ZW$ since the adoption
of an interbank market determined exchange rate in
February 2019.
The foreign currency component of total
deposits increased from ZW$11.47 billion in
November 2019 to ZW$102.19 billion as at end
November 2020. The growth partly reflected
valuation changes due to the exchange rate
movement, from ZW$16.26 per US$1 in
November 2019 to ZW$81.82 per US$1 in
November 2020.
Local currency deposits registered a year-onyear growth of 315.63%, while currency in
circulation also increased by 27.40% on an
annual basis.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2020

The annual growth in broad money reflected
increases in credit to financial corporations,
806.46%;the private sector, 553.43%; and
public non-financial corporations, 74.78%. Net
credit to Government increased by 18.67%.


Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Exports
Imports
Trade Balance
Local
Currency
Transferable
Deposits
38.44%
Foreign
Currency
Deposits
55.43%
Time
Deposits
4.88%
Currency in
Circulation
0.58%
NCDs
0.67%

On a month-on-month basis, credit to the private
sector increased by 11.12% to ZW$63.46
billion, from ZW$57.11 billion in October 2020.
Credit to the private sector was mainly extended
towards agriculture,
22.48%;
distribution,
16.25%;
financial
organisations,
15.15%;
households, 12.65%; mining, 10.91%; and
manufacturing, 11.89%; as shown in figure 10.
Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2020

Credit to the private sector was distributed as
follows: inventory build-up, 36.51%; other
recurrent expenditures, 32.63%; fixed capital
investment, 16.79%; and pre and post shipment
financing, 2.30%.

STOCK MARKET DEVELOPMENTS

During the month of November 2020, the
Zimbabwe
Stock
Exchange
(ZSE)
was
characterized by bullish sentiments. As a
consequence, all the major indices recorded
gains, with the exception of the mining index
which recorded a loss.

The All Share, Top 10 and industrial indices
increased by 8.04%, 6.82% and 8.78% to close
at 1 595.59 points, 1 001.22 points and 5 278.38
points, respectively. However, the mining index
shed 12.4% to close at 3 322.22 points, during
the same period.

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2020


On an annual basis, the All Share, Top 10,
industrial and mining indices gained 894.76%,
506.87%, 879.91% and 1 492.93%, up from
160.40 points, 164.98 points, 538.66 points and
208.56 points recorded in November 2019,
respectively.


Households
12.65%
Agriculture
23.48%
Mining
10.91%
Manufacturing
11.89%
Distribution
16.25%
Construction
0.88%
Transport &
Communicati
ons
2.01%
Services
6.70%
Financial Org.
& Investments
15.15%
Other

30-Nov-19
31-Dec-19
31-Jan-20
29-Feb-20
31-Mar-20
30-Apr-20
31-May-20
30-Jun-20
31-Jul-20
31-Aug-20
30-Sep-20
31-Oct-20
30-Nov-20
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Figure 12: Zimbabwe Stock Exchange
Indices
Source: Zimbabwe Stock Exchange, 2020
As a result of bullish sentiments on the local
bourse during the month under review, the
cumulative volume and value of shares traded
increased by 18.61% and 315.91% to 470.9
million shares and ZW$4.1 billion, respectively.

Figure 13: ZSE Monthly Volumes and
Values Traded

Source: Zimbabwe Stock Exchange, 2020
The ZSE gained ZW$13.58 billion, or 7.56%
worth of capitalization, from ZW$179.70 billion
in October 2020 to Z$193.27 billion in
November 2020. On a year-on-year basis, the
local
bourse
capitalization
increased
by
1 016.1%, from ZW$17.32 billion recorded in
November 2019.

INFLATION OUTTURN

Annual Inflation

Annual headline inflation which peaked at
837.53% in July 2020, decelerated further to
401.66% in November 2020, from the October
2020 rate of 471.25%. This was largely
attributable to the stability in the foreign
exchange market. Both annual food and nonfood inflation declined significantly.

Annual
food
inflation
decelerated
from
472.40% in October 2020 to 385.02% in
November 2020. Similarly, annual non-food
inflation fell from 470.46% in October 2020 to
413.85% over the same period.

Food and non-alcoholic beverages contributed
120.53 percentage points to the November 2020
inflation rate of 401.66%. Vegetables; bread and
cereals; and meat, continued to have the highest
contribution to food inflation in November
2020.

Non-food inflation contributed about 284.3
percentage points to the November 2020
inflation. Price increases in this category were
attributable to all non-food categories, notably
housing, water, electricity, gas and other fuels.

30-Nov-19
31-Jan-20
31-Mar-20
31-May-20
31-Jul-20
30-Sep-20
30-Nov-20
Mining Index Points
Industrial Inedx Points
Industrial
Mining


1,000
1,200
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

The annual Blended CPI inflation3 decelerated
further from 249.63% in October 2020, to
214.99% in November 2020.

The non-food component contributed 146.54
percentage points to annual bended inflation,
while food and non-alcoholic beverages
accounted for the remaining 68.47 percentage
points.

Monthly Inflation

Month-on-month ZW$ inflation retreated to
3.15% in November 2020, from 4.37% recorded
for October 2020. This was on account of
marginal price increases in both food and nonfood items.

Month-on-month food inflation rose from
3.00% in October 2020 to 3.91% in November
2020. Prices of vegetables and bread and cereals
and meat continued to be the major drivers of
monthly food inflation.

Monthly non-food inflation declined by 2.7
percentage points, from 5.33% in October 2020
to 2.63% in November 2020.

Blended
monthly
inflation,
however,
accelerated from 1.43% in October 2020 to
2.25% in November 2020.

Figure 14 shows month-on-month inflation
developments for the period from November
2019 to November 2020.


3The Zimbabwe National Statistical Agency (ZIMSTAT)
commenced publication of the blended CPI inflation in June
2020. The blended CPI inflation combines the average changes
Figure 14: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2020

NATIONAL PAYMENTS SYSTEM

The total value of NPS transactions processed
during the month of November 2020 amounted
to ZW$360.22 billion. This was a 12.8%
increase from ZW$319.50 billion worth of
transactions processed in October 2020. The
volume of NPS transactions, however, declined
by 49.9% to close at 121.56 million, during the
same period.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)

In value terms, RTGS transactions increased by
18.8% to close at ZW$236.26 million, from
ZW$198.86 billion in the previous month.
RTGS transaction volumes fell from 990,153 in
the previous month to close at 971,259, during
the month under analysis.

in price of goods and services sold in the two main currencies in
circulation, namely the ZW$ and the US$.

Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Food
Non-Food
Overall

Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2020

Cash Transactions

Cash based transactions declined by 3.3% to
close at ZW$6.62 billion, during the month of
November 2020.
Mobile and Internet Based Transactions

Mobile and internet-based transactions were
2.51% higher, to close at ZW$91.27 billion in
November 2020, from $89.04 billion in October
2020.
Card Based Transactions

Card-based transactions amounted to ZW$26.09
billion, during the month under analysis, up
from ZW$24.65 billion in October 2020.

RESERVE BANK OF ZIMBABWE


Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Value in ZW$ Billions
Volume in Thousands
Volume
Value

Statistical Tables

Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics

10. Total External Debt Outstanding by Debtor

11. Exchange Rates

12. Zimbabwe Stock Market Statistics

13. National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

14. Merchandise Trade Statistics

Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Net Foreign Assets

Central Bank(net)

Foreign Assets

Foreign Liabilities

Other Depository Corporations(net)

Foreign Assets

Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Claims on Central Government(net)

Claims on Central Government

Central Bank

ODCs

Less Liabilities to Central Government

Central Bank

ODCs

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Other Items(Net)

Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad Money

Broad Money-M2

Other Deposits

Narrow Money-M1

Transferable Deposits

Of which Foreign Currency Accounts

Currency Outside Depository Corporations

Memorandum Items
Reserve Money

FCAs as a Percentage of Deposits in M3

End Period Exchange Rate

Source: Reserve Bank of Zimbabwe,2020
Notes:
(i) Depository corporations survey - formerly Monetary Survey.
(ii) Broad money redefined using IMF's Monetary and Financial Statistics Manual of 2000. Major changes include exclusion of Government deposits held by banks from broad money.
(iii) Transferable deposits made up of demand and savings deposits.
(iv) NCDs are also referred to as securities included in broad money.
(v) All classes of time deposits, short and long term are classified as time deposits, which are also termed other deposits.
(vi) Credit to the private sector now excludes claims on other financial corporations, as well as claims on state and local government (local authorities)
(vii) Depository corporations made up of the Central Bank and other depository corporations
(viii) Other depository corporations (ODCs) - Commercial banks, merchant banks, building societies and POSB.
(ix) In December 2017, the statistics were adjusted in restrospect by reclassifying Securities issued under Aftrades from claims on government to claims on central bank
(x) In December 2017, the statistics were adjusted in restrospect by reclassifying amounts accessed by banks under the Aftrades from liabilities to Other Depository corporations and Other Financial Corporations to liabilities to Central Bank
(xi) In December 2018, statistics were revised from November 2017 due to reclassification of lines of credit (foreign liabilities) that were initially classified as deposits included in broad money
(xii) All monetary and financial statistics are valued in ZWL$ since the introduction of the interbank foreign exchange market in February 2019
TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ '000)

Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Net Foreign Assets
-50,285,843.15 -51,596,769.75 -51,659,786.89 -78,356,892.58 -104,544,431.97 -114,377,001.26 -275,623,563.54 -366,357,650.73 -391,303,802.50 -386,104,783.47 -398,503,742.75 -398,165,536.09
Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

of which USD Securities revaluations (Ex

Loans

Loans and Advances

Legacy Debt

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on Other Depository Corporations

Of which: Loans

Other Liabilities to ODCs

Of which: Aftrades Balances

Securities

Other Items(Net)
-54,669,718.18 -57,145,180.31 -58,322,160.20 -86,517,998.56 -114,986,959.06 -125,482,666.85 -295,508,852.17 -397,084,920.55 -427,953,446.54 -425,725,999.11 -429,887,129.29 -440,784,407.01
Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Mon

Monetary Base Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2020
Provisional until audit is completed
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
- - -
-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Governmen

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad M 14,195,821.68

Deposits Included in Broad Money
14,024,153.85

16,316,355.79

18,607,561.81

22,546,030.38

27,593,648.82

29,819,025.32

32,968,794.78

34,202,472.63

36,052,337.44

45,274,086.77

49,685,009.94

57,713,065.69

97,187,347.86

127,237,814.07

140,284,498.63

147,593,137.33

161,784,545.97

179,622,031.80

Transferable Deposits
12,595,266.96

14,675,509.25

16,987,786.03

20,883,074.13

25,739,354.63

27,983,294.46

31,080,869.95

32,175,873.35

33,858,024.37

42,922,095.92

47,162,154.77

54,870,283.47

93,169,652.47

121,190,660.19

134,852,887.37

140,657,703.75

153,387,406.86

170,624,218.30

of which FCAs
3,887,787.41

4,049,120.88

5,737,719.98

9,859,484.27

11,155,597.09

11,472,035.58

11,938,732.84

12,458,349.93

12,476,934.91

20,909,726.92

19,463,088.16

24,984,322.48

57,701,775.14

79,076,606.18

82,607,196.16

88,430,395.05

91,944,864.16

100,147,096.67

Other Deposits

Money Market Instruments
171,667.83

168,169.20

202,928.98

219,889.50

205,671.08

235,117.26

243,976.57

255,563.69

260,055.92

476,793.67

337,556.97

359,194.93

863,206.40

1,024,311.11

1,111,664.44

1,083,907.10

1,231,944.90

1,237,340.99

Source:Reserve Bank of Zimbabwe,2020
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on

Local
Governemt
Other2
Government
Local
Public
Institutional
Other cliams
Contigent Assets
Other Assets
Non Financial
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities
Government
Enterprises
Units
Assets

Jan
23.4

66.9

2,528.5

291.2

111.9


Feb
20.0

46.8

2,516.8

347.6

114.2


Mar
16.7

57.9

2,457.7

312.8

139.2


Apr
14.9

61.9

2,423.5

337.0

120.8


May
14.2

71.7

2,543.0

477.8

138.6


Jun
9.0

58.5

3,081.0

509.8

120.0


Jul
20.6

61.9

3,450.6

466.4

111.6


Aug
23.1

72.3

3,475.7

377.8

105.3


Sep
18.2

61.5

3,781.6

398.1

159.1


Oct
39.9

70.4

3,771.3

368.3

185.5


Nov
30.6

84.6

3,696.3

300.6

209.8


Dec
20.5

94.5

3,949.5

439.6

235.5


Jan
49.0

113.4

3,901.0

401.9

261.6


Feb
59.7

256.8

3,764.8

357.1

570.4


Mar
62.5

263.2

3,891.0

432.9

739.3


Apr
45.2

363.5

4,153.9

578.9

1,031.9


May
98.7

484.2

4,089.2

694.1

1,890.1


Jun
126.3

882.2

4,518.6

560.2

2,383.0


Jul
232.4

968.8

5,605.6

370.4

3,738.0


Aug
184.4

1,150.4

7,956.5

527.8

3,904.2


Sep
124.5

2,108.5

9,128.1

874.0

5,678.3


Oct
144.3

1,906.0

11,613.0

2,511.0

7,644.9


Nov
128.8

2,243.1

11,417.7

2,236.3

8,417.4


Dec
169.8

2,526.2

13,994.1

1,254.7

8,415.7


Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Nov
1,063.6

34,673.9

73,237.2

4,211.3

41,173.6


Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liablities
Liablities
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Reserve Bank of Zimbabwe,2020
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWL$ millions

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government1 Local Governemt Public Enterprises
Other2
Government
Government
Enterprises
Institutional Units3
Other claims
Assets
Other Assets
Assets
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jun
7.0

53.3

1,578.5

141.4

82.2

110.6

1,786.8

-

16.0

35.0

47.9

16.5

82.2

2,583.5

23.9

533.5

273.6

497.3

7,869.2

Jul
6.7

40.9

1,684.5

137.6

53.7

103.6

1,752.4

-

26.1

34.4

45.2

16.9

116.3

2,495.4

24.2

513.6

295.5

482.1

7,829.0

Aug
11.8

37.1

1,882.4

124.3

161.2

7.9

1,856.2

-

26.3

64.6

41.3

18.0

145.0

2,538.1

23.8

531.8

272.6

485.7

8,228.1

Sep
11.4

35.8

1,961.8

109.6

172.7

31.3

1,998.0

-

23.5

65.0

41.5

15.6

118.2

2,585.7

28.3

472.8

281.3

487.7

8,440.0

Oct
8.1

40.5

1,961.8

143.7

175.7

61.0

2,106.6

-

24.4

65.1

34.8

17.8

99.1

2,607.0

29.4

432.4

287.8

508.9

8,604.1

Nov
9.0

45.1

2,126.7

161.1

174.7

74.3

2,230.4

-

23.5

65.4

32.3

19.6

106.9

2,618.1

26.4

417.7

324.2

511.4

8,966.9

Dec
11.4

55.3

2,373.9

141.5

203.5

66.6

2,128.7

-

23.5

66.3

29.4

19.4

145.0

2,579.8

40.0

508.3

324.5

536.4

9,253.6

Jan
22.4

64.1

2,294.5

192.1

103.4

81.9

2,143.2

-

23.5

65.9

26.3

20.6

154.8

2,451.1

28.7

501.0

294.2

538.9

9,006.6

Feb
18.3

44.0

2,296.8

223.7

108.3

96.2

2,109.3

-

23.5

66.1

24.3

21.1

145.0

2,461.5

28.7

507.8

290.6

536.3

9,001.5

Mar
14.8

53.6

2,238.8

240.7

124.5

99.5

2,164.0

-

23.5

66.7

19.2

15.9

127.1

2,535.8

30.4

504.1

325.8

552.3

9,136.6

Apr
13.5

56.7

2,207.9

275.0

116.7

78.5

2,314.9

-

24.7

67.0

13.4

20.9

120.8

2,519.8

28.3

532.0

299.0

554.9

9,244.0

May
12.9

62.8

2,309.0

339.5

130.1

85.7

2,562.4

-

25.0

66.9

8.4

20.9

134.0

2,556.2

23.9

458.9

307.9

555.3

9,659.8

June
7.5

52.6

2,848.5

331.8

117.3

84.1

2,538.3

-

26.2

66.5

7.4

19.4

196.0

2,662.2

25.5

551.4

302.9

563.4

10,401.0

July
17.9

54.3

3,189.6

281.1

109.3

95.4

2,949.2

-

-

67.5

4.5

21.0

182.0

2,414.6

26.0

611.4

322.5

565.1

10,911.4

Aug
21.0

67.8

3,196.7

232.3

102.5

66.3

3,014.9

-

-

67.3

7.1

20.6

186.7

2,491.0

29.8

647.7

329.4

566.3

11,047.4

Sep
16.3

58.2

3,487.9

305.3

137.8

78.0

2,789.8

-

45.2

68.1

5.4

20.4

212.2

2,577.1

36.7

637.4

357.4

571.8

11,405.0

Oct
33.1

68.0

3,505.8

272.1

173.1

51.4

2,728.8

-

45.2

68.4

4.6

9.4

188.8

2,697.4

38.7

647.5

353.2

569.2

11,454.9

Nov
25.8

81.4

3,384.4

264.6

198.2

63.9

2,793.9

-

45.2

68.7

7.0

8.1

217.7

2,672.3

46.1

633.2

406.6

569.8

11,486.9

Dec
18.2

89.9

3,737.0

317.3

224.4

74.8

2,633.7

-

43.4

69.2

6.2

9.2

204.3

2,707.6

53.7

573.8

406.2

633.9

11,802.7

Jan
42.05

106.91

3,766.70

338.09

249.77

46.14

2,621.20

-

61.02

68.66

4.41

8.06

189.15

2,594.53

33.84

517.24

428.82

649.94

11,726.5

Feb
52.63

238.67

3,601.94

293.36

549.59

205.65

2,675.29

-

60.52

2.00

5.84

7.71

208.31

2,784.17

31.04

490.74

472.78

696.82

12,377.1

Mar
59.17

244.62

3,729.81

393.22

712.08

55.05

2,635.68

-

61.52

4.53

4.27

9.53

340.66

2,660.90

25.33

523.72

755.57

971.53

13,187.2

Apr
40.82

331.97

3,876.83

492.10

981.80

91.75

2,590.97

-

61.79

3.95

3.98

9.62

407.85

2,721.57

24.55

620.52

935.27

1,002.47

14,197.8

May
94.59

444.70

3,886.07

571.50

1,747.69

154.08

2,508.43

-

62.12

4.20

3.93

9.43

636.78

3,056.86

34.46

910.14

1,832.95

1,142.77

17,100.7

Jun
119.69

810.71

4,104.17

413.18

2,244.98

538.88

2,596.97

-

63.09

6.62

3.89

8.73

929.36

3,667.45

37.02

1,606.53

1,374.23

1,621.33

20,146.8

Jul
224.75

791.31

5,081.19

275.44

3,602.89

801.93

2,640.55

-

103.36

5.49

2.18

9.00

164.58

4,043.75

32.65

1,587.68

1,873.44

1,722.66

22,962.9

Aug
178.74

1,054.06

7,123.10

461.83

3,778.75

1,050.74

3,106.90

-

103.86

6.78

1.04

9.21

212.50

4,430.78

37.42

2,614.64

1,744.16

1,989.27

27,903.8

Sep
108.51

1,915.41

8,246.09

676.17

5,563.16

1,575.75

3,240.85

-

26.96

6.47

1.37

9.40

187.53

4,993.71

42.30

3,707.80

3,074.10

2,440.63

35,816.2

Oct
138.01

1,702.35

10,537.81

2,437.08

7,376.80

906.98

3,416.23

-

27.05

5.29

1.15

7.94

254.84

5,859.32

41.94

4,081.09

1,658.19

2,434.21

40,886.3

Nov
113.92

2,078.54

10,430.55

2,073.35

7,977.27

940.70

3,737.72

-

27.15

11.83

1.37

8.74

248.79

7,670.96

42.07

3,148.28

1,627.27

3,059.40

43,197.9

Dec
158.44

2,300.01

12,821.54

934.73

7,898.48

1,984.08

3,716.31

-

24.75

20.65

1.33

8.11

268.61

8,976.00

61.84

4,867.67

2,740.16

6,935.56

53,718.3

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Nov
919.42

31,596.89

67,899.10

3,494.87

39,693.38

14,134.74

7,098.29

-

0.02

110.37

20.00

16.81

1,269.94

54,496.74

259.90

29,821.16

16,683.48

19,526.70

287,041.8

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

ZWL$ millions
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
RBZ
Other Depository Other Finacial
Capital
Contigent
Other
from the public
Corporations
Corporations
Corporations
and
Liablities
Liablities
TOTAL
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Reserve Bank of Zimbabwe,2020
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

Foreign
Other AssetsNon Financial
TOTAL
End of
Notes
Assets
Bond
&
Balances
Balances with
Balances
Other Claims
Notes &
Coin
with
Other Depository
with
on
Government1 Local Governemt Public Enterprises
Other2
Mortgages
Government
Other
Coins
RBZ
Corporations
Foreign Banks Non-residents
Securities
securities

Jan
0.9

2.3

197.4

98.7

7.8

-

129.8

34.5

-

-

413.2

-

508.7

144.9

136.1

1,674.3

Feb
1.5

1.8

172.4

123.5

5.5

-

141.3

33.5

-

-

414.8

-

507.9

125.7

135.7

1,663.6

Mar
1.4

3.4

175.9

72.1

14.1

-

212.6

32.8

-

-

411.4

-

539.4

142.8

132.3

1,738.2

Apr
1.1

4.3

185.5

61.9

3.6

-

184.4

32.0

-

-

413.3

-

582.7

141.6

135.2

1,745.7

May
1.0

7.6

196.3

138.2

8.1

-

191.0

30.9

-

-

415.0

-

608.4

128.1

137.4

1,862.0

June
1.2

4.9

188.6

177.8

1.9

-

266.2

30.1

-

-

413.9

-

614.3

124.0

141.5

1,964.5

July
1.8

6.6

207.1

185.1

1.7

-

283.2

33.3

-

-

423.5

-

636.1

128.2

141.1

2,047.7

Aug
1.6

3.7

224.7

145.3

2.4

-

288.9

32.2

-

-

428.2

-

579.4

139.1

143.7

1,989.2

Sep
1.9

2.9

245.6

92.6

20.8

-

291.1

31.2

-

-

430.3

-

650.2

148.1

144.4

2,059.1

Oct
4.9

2.1

220.0

95.8

11.9

-

318.9

30.2

-

-

427.7

-

639.8

154.2

147.0

2,052.5

Nov
3.6

2.9

243.3

35.7

10.4

-

320.7

28.9

-

-

433.5

-

635.7

148.0

145.8

2,008.5

Dec
2.3

4.3

157.4

121.3

10.4

-

339.4

28.0

-

-

444.8

-

645.9

179.7

151.9

2,085.6

Jan
6.3

4.6
108.2

63.5
10.9

-

343.8

27.3
33.6

-

438.0

-

649.3

136.7
151.2

1,973.3

Feb
5.4

17.6
120.6

62.8
18.1

-

339.6

26.5
-

-

416.1

-

696.1

171.1
156.7

2,030.8

Mar
2.6

18.0
126.3

38.6
23.9

-

331.7

25.5
-

-

415.1

-

710.1

172.1
207.4

2,071.2

Apr
3.7

30.6
220.3

85.0
47.6

-

271.6

25.0
-

-

414.1

-

705.0

169.0
276.2

2,247.8

May
3.9

38.4
162.2

115.4
139.0

-

345.5

23.9
-

-

406.2

-

776.6

165.7
363.4

2,540.1

Jun
6.3

69.8
361.6

144.5
132.4

-

265.8

22.6
-

-

421.7

-

873.6

210.5
473.0

2,981.8

Jul
6.5

174.7
473.9

89.7
131.1

-

258.3

22.2
-

-

416.0

-

934.6

203.1
565.6

3,275.8

Aug
5.5

94.5
758.0

60.6
115.5

-

247.4

21.5
-

-

418.1

-

970.6

345.1
567.6

3,604.2

Sep
15.8

180.3
831.8

195.4
104.2

-

267.6

20.9
-

-

499.1

-

1,137.6

528.8
1,042.2

4,823.6

Oct
6.2

198.7
997.2

72.2
243.7

-

268.8

20.2
-

-

429.8

-

1,286.7

503.4
1,069.3

5,096.2

Nov
11.9

156.1
872.3

159.7
426.0

-

338.6

19.6
-

-

443.5

-

1,357.4

575.8
1,068.7

5,429.6

Dec
9.2

223.9
1,016.9

317.4
492.3

-

308.3

18.2
-

-

454.5

-

1,413.5

700.6
1,470.0

6,424.9

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Nov
104.3

2935.7
4,448.9

691.0
1,412.8

-

1,666.7

11.6
-

157.8

930.4

-

7,498.6

2571.1
6,712.9

29,141.9

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository
Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Reserve Bank of Zimbabwe,2020
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
ZWL$ millions

AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
END OF


INVESTMENTS
ORGANISATIONS


1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Reserve Bank of Zimbabwe,2020
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS ORGANISATIONS
1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source: Reserve Bank of Zimbabwe,2020
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending
Rates 1
Individuals
Corporate

Jan
4.45-18.00
9.33
6.99
Feb
4.45-18.00
9.57
6.93
Mar
4.45-18.00
9.64
6.98
Apr
4.00-18.00
9.32
7.08
May
4.00-18.00
9.28
7.09
Jun
4.00-18.00
9.32
7.14
Jul
4.00-18.00
9.75
6.97
Aug
4.00-18.00
9.87
7.10
Sep
4.00-18.00
9.56
7.11
Oct
4.00-18.00
9.47
7.38
Nov
4.00-18.00
9.49
7.38
Dec
4.00-18.00
9.48
7.39

Jan
4.00-18.00
9.47
7.40
Feb
4.00-18.00
9.23
7.30
Mar
4.00-18.00
9.23
7.31
Apr
4.00-18.00
9.30
7.38
May
4.00-22.00
9.31
7.33
Jun
4.00-22.00
9.15
7.67
Jul
4.00-35.00
9.54
8.40
Aug
5.00-55.00
14.37
18.43
Sep
5.00-65.00
14.64
19.81
Oct
5.00-65.00
15.59
19.66
Nov
5.00-65.00
15.06
18.00
Dec
5.00-65.00
16.08
18.31

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Nov
6.00-65.00
30.32
27.67
Source:Reserve Bank of Zimbabwe, 2020
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
END OF
SAVINGS
3 MONTHS

Jan
0.22-12.00
0.75-8.00
Feb
0.22-12.00
0.75-8.00
Mar
0.22-12.00
0.75-8.00
Apr
0.22-12.00
0.75-8.00
May
0.22-12.00
0.75-8.00
Jun
0.22-12.00
0.75-8.00
Jul
0.22-12.00
0.75-8.00
Aug
0.22-12.00
0.75-8.00
Sep
0.22-12.00
0.75-8.00
Oct
0.22-12.00
0.75-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-6.75

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-6.75
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.00-8.00
Aug
0.22-12.00
1.00-8.00
Sep
0.22-12.00
1.00-8.00
Oct
0.22-12.00
1.00-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-8.00

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Nov
0.50-15.00
1.00-20.28
Source:Reserve Bank of Zimbabwe, 2020
* Deposit rates depict the range of rates qouted by banks.
**Banks have adjusted their costs of holding deposits following the
call by the RBZ to reduce lending rates.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING
&
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNIC
ATION
RECREATION
&
EDUCATION
RESTAUR
ANTS &
MISC.
TOTAL NON
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
& OTHER
EQUIPMEN
T
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Zimstat, 2020
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

FOOD
INFLATION
ALCOHOLIC
CLOT HING
HOUS ING,
W AT E R,
FURNIT URE
MIS C.
FOOD &
B E VE RAGE S
&
E LE CT RICT Y,
GAS
AND
RE CRE AT ION &
RE S T AURANT S
&
GOODS &
T OT AL NON
NON
ALCOHOLIC
ALL
& T OB ACCO
FOOT W E AR
& OT HE R
E QUIP ME NT
CULT URE
HOT E LS
S E RVICE S
FOOD
B E VE RAGE S
IT E MS
FUE LS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source:Zimstat, 2020
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P ORT
COMMUNICAT ION
E DUCAT ION

(US$ MILLIONS)
End Period

Est
Long-Term External Debt

Government

Bilateral Creditors

Multilateral Creditors

Private Creditors

Public Enterprises


Bilateral Creditors

1,155

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private


Short-Term External Debt
1,348
2,040
1,286


Supplier's Credits

Reserve Bank

1,300

2,463
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2020
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

USA
SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO
POUND
END OF
Dollar
RAND
PULA
YEN
STERLING

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source: Reserve Bank of Zimbabwe, 2020
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

Market Capitalisation
END OF
All Share*
ZWL$ millions

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June*

Aug

Sep

Oct

Nov

Source:Zimbabwe Stock Exchange, 2020
*All Share index was introduced in January, 2018
**As at 26 June 2020
Indices
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Industrial
Market Turnover
ZWL$ million
Volume of Shares
Mining

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan
6,903.0
2.9 1,294.05
16.9 3,608.83 1,056.16
Feb
8,337.0
4.0 1,330.58
17.2 3,594.51 1,093.64
Mar
9,881.5
3.9 1,399.50
18.3 4,080.65 1,250.55
Apr
10,321.4
3.1 1,590.10
14.0 4,949.34 1,408.53
May
14,670.3
4.2 1,397.48
11.8 6,692.55 1,897.82
Jun
17,881.2
3.7 1,464.66
30.1 7,130.02 2,539.84
Jul
23,309.9
3.7 1,806.45
36.6 9,137.36 3,295.81
Aug
23,596.6
2.4 2,181.56
38.5 11,077.65 3,493.56
Sep
30,328.1
3.8 3,029.87
51.9 15,112.00 5,337.71
Oct
39,413.7
3.9 3,621.64
67.1 16,588.28 6,237.03
Nov
40,871.8
3.5 4,199.30
67.4 13,537.77 7,200.30
Dec
49,579.8
2.8 5,695.39
97.2 19,356.74 8,724.02

Jan
47,841.3
1.8 5,236.3 115.2 21,247.9 9,646.8
Feb
41,637.6
4.7 5,431.8 136.9 22,589.7 9,633.8
Mar
60,804.1
4.1 7,252.9 268.0 27,993.6 14,411.4
Apr
47,525.5
0.0 4,150.6 82.6 18,299.2 11,481.8
May
59,271.1
0.0 7,426.0 349.8 24,851.5 19,593.2
Jun
91,311.3
0.0 9,752.7 516.6 26,042.5 25,842.3
Jul
127,743.2
0.0 14,741.1 1,028.7 26,033.3 35,199.7
Aug
143,042.1
0.0 14,953.6 1,547.5 27,217.6 34,505.0
Sep
203,172.0
0.8 18,252.3 1,963.0 26,441.0 41,958.4
Oct
198,863.56
0.0
22,482.28 2,163.27 42,767.66 46,270.42
Nov
236,231.53
0.0
23,936.70 2,151.61 36,475.66 54,797.79
Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan
548.1
22.7 20,981.2 449.6 100,593.9
501.8
Feb
457.2
22.5 18,869.0 292.2 89,584.3
463.8
Mar
545.2
23.7 21,996.8 268.4 116,120.0
510.5
Apr
505.5
17.4 21,170.0 253.6 117,616.8
457.0
May
611.1
21.2 23,278.2 213.2 137,423.0
496.6
Jun
553.6
22.5 23,790.0 175.2 156,609.8
502.2
Jul
560.2
20.1 25,075.5 223.1 169,416.8
559.6
Aug
553.0
15.1 25,249.9 317.4 164,918.0
518.7
Sep
543.0
19.4 24,918.0 300.8 161,289.5
511.3
Oct
571.6
20.4 21,025.4 345.5 161,427.4
496.0
Nov
477.4
16.7 17,845.4 334.9 133,862.1
430.6
Dec
478.6
13.0 27,419.1 236.2 161,540.7
409.1
Annual Total
6,404.4
234.6 271,618.6 3,410.1 1,670,402.1
5,857.13

Jan
401.5
12.2 40,613.8 232.6 135,481.1
413.4
Feb
456.5
16.4 27,811.2 226.8 119,081.1
463.6
Mar
525.9
15.4 30,417.6 248.9 142,597.8
441.0
Apr
535.0
13.7 32,092.5 168.8 157,348.3
390.1
May
642.6
14.7 15,542.6 121.4 166,491.6
494.3
Jun
706.0
13.3 18,012.1 79.6 160,873.0
486.8
Jul
983.5
13.6 20,465.4 99.6 170,823.3
638.2
Aug
872.9
9.0 21,919.8 85.2 179,281.2
542.3
Sep
1,010.7
11.9 22,749.6 62.4 200,441.9
679.4
Oct
1,079.4
12.7 23,191.6 65.0 206,621.5
1,099.3
Nov
982.1
10.3 25,737.5 225.2 152,919.9
2,044.1
Dec
1,003.8
7.6 27,800.5 385.5 146,316.6
1,273.6

Jan
943.3 4.6 23,649.0 199.9 139,278.2 671.7
Feb
916.1 8.9 21,652.2 196.6 149,671.5 647.8
Mar
1,068.5 7.4 22,588.1 234.3 173,042.2 661.2
Apr
515.1
- 11,036.4 36.4 131,190.0 998.0
May
674.1
- 14,711.6 231.2 150,936.1 705.3
Jun
907.8
- 14,420.9 286.1 135,524.3 1,390.4
Jul
918.4
- 15,786.5 251.4 121,072.4 791.9
Aug
789.4
- 13,536.2 248.2 127,308.6 702.1
Sep
911.9 0.002 15,524.1 309.8 125,059.2 783.2
Oct
990.2
- 19,138.6 398.8 191,148.8 735.8
Nov
971.3
- 17,584.9 430.0 101,305.8 755.6
Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (ZWL$ 000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Source: ZIMSTAT, 2020
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)